(Host) IBM, Vermont’s largest private employer, will cut overtime for about 2,400 workers. Company spokesman Jeff Couture says a slowdown in demand for computer chips means manufacturing employees will work shorter hours starting next month:
(Couture) “The change is designed to eliminate additional scheduled hours, and particularly overtime, that’s built into our work schedule. Employees will work a 36-hour a week schedule, instead of the current one which alternates a 36 hour week with a 48 hour week.”
(Host) Couture says the workers will still be paid for 40 hours a week, and will not see a cut in benefits or base pay. IBM employs about 7,000 people at its plant in Essex Junction.